Honda to Slash Swindon Workforce and 3 Morning Hot Stocks Trading Now
Vodafone Group Plc (NASDAQ:VOD): Current Price $26.72
Vodafone announced its purchase of 5.65 million ordinary shares from Barclays Capital Securities through the London Stock Exchange at 164.2678 pence each. The shares will be held by Vodafone in its treasury. The company has repurchased 127.41 million shares for 203.21 million pounds since Dec 10, 2012.
Ford Motor Co (NYSE:F): Current Price $14.04
Ford announced Friday its plans to hire 2,200 white-collar workers principally in engineering, manufacturing and information technology. The company is expanding and refreshing its product line-up across the world and now sees the need for people in critical areas. This hire be the largest increase in new positions in over a decade.
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Honda Motor Co (NYSE:HMC): Current Price $38.26
Honda Motor Co. is likely to cut its workforce in the Swindon plant in England by 800 jobs due to flagging sales of vehicles in Europe. The decision would more than reverse its hire of 500 workers last year in expectations of rising demand which failed to materialise. On the contrary, Honda’s sales in Europe fell by around 1 million over the past one year. The job cuts are expected to take place in the second quarter of 2013.
UPS (NYSE:UPS): Current Price $78.15
EU Competition Commissioner Joaquin Almunia, has expressed reservations about UPS’s (NYSE:UPS) pending takeover of TNT Express, saying the attendant competition problems are serious and not easy to resolve. UPS’s bid to mollify the EU by offering to sell some of TNT’s assets to France’s DPD is not cutting much ice, and is still under review: “What I have told UPS, what you have to present is an equivalent. Everybody who knows this market is convinced today DPD is not an equivalent,” said Almunia, according to the Financial Times. A sale of assets to FedEx (NYSE:FDX) is more acceptable to the Commission, but apparently, FedEx is not interested in buying those assets which UPS wants to sell. Meanwhile, the Commission’s decision hangs in the balance and the UPS-TNT deal may well be refused.
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